Unfortunately, my darkest scenario seems to be coming true. Nano, is just beginning to close the handle in an inverted cup formation. If there is no upward bounce, we are in for a downward rally.
In a nutshell:
first, the price will fall to the level of about $0.5 (blue line on the fibo),
then there will be a re-test of the Cup and Handle formation,
finally, we will face a slow (or maybe fast) decline to the level of $0.08.